Bloomberg reports on this, citing its own sources.
It is noted that the EU is currently discussing how these assets can be utilized as collateral for the planned International Claims Commission, which is expected to determine the amount of compensation for the damages caused by Russian aggression.
The agency indicates that the assets could be seized if Moscow refuses to compensate for the losses, and the value of the confiscated assets would be offset by Russia's obligations for damage compensation in a potential peace agreement.
Another option under discussion suggests that the European Union would authorize member states to confiscate Russia's sovereign assets to compensate for the destruction of Ukraine's energy infrastructure. They are exploring whether this can be achieved through the International Criminal Court's ruling.
In response to Russia's full-scale invasion of Ukraine, the EU has "frozen" Russian assets in Europe. According to media reports, these assets amount to approximately $300 billion.
The profits from these assets are intended to aid Ukraine. Thus, the leaders of the G7 have agreed to provide Ukraine with a $50 billion loan, which will be repaid using these revenues.
In February 2024, the EU Council decided that central securities depositories holding assets and reserves of the Central Bank of Russia amounting to over one million euros, which were frozen due to sanctions, must set aside emergency cash reserves and cannot manage the subsequent net income.
In May, the EU Council adopted a series of legal acts allowing these net revenues to be used for the benefit of Ukraine. By the end of 2024, Ukraine received $1 billion from frozen Russian assets from the United States.